GEM Enviro Management Limited IPO
BSE SMEListed On: Jun 26, 2024 at ₹ 142.5
₹ 120000 /1600 Shares
Check Allotment19 Jun, 2024
Open Date21 Jun, 2024
Close Date24 Jun, 2024
Allotment Date26 Jun, 2024
Listing DateIssue Price
₹71-75 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE SMERegistrar
Skyline Financial Services Private LtdList Price
142.5Listing Date
2024-06-26Market Lot
1600 Shares (₹120,000/-)Lead Manager
Share India Capital Services Private LimitedFintellectual Corporate Advisors Private Limited
Issue Size
Total ₹44.93 Cr :#Fresh Issue : 1,497,600 shares(aggregating up to ₹11.23 Cr) +
#OFS : 4,492,800 shares of ₹5(aggregating up to ₹33.70 Cr)
Retail Portion
35%Subscription
265.13 timesGEM Enviro Management Limited IPO Details
GEM Enviro Management Limited IPO is an SME IPO, priced at ₹71-75 per equity share. The equity shares have a face value of ₹5 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 59,90,400 equity shares, aggregating up to ₹44.93 crores..
The IPO bidding window is open from Jun 19, 2024 to Jun 21, 2024. The allotment is expected to be finalized on Jun 24, 2024, and the tentative listing date is Jun 26, 2024.
The minimum lot size for retail investors is 1600 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.
Share India Capital Services Private Limited , Fintellectual Corporate Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Share India Securities Limited will act as the market maker for this issue.
GEM Enviro Management Limited IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,129,600 / 848,000 | 1,977,600 | 3,955,200 |
| Day 1 - 19-06-24 06:00 PM | 3.55 / 8.48 x | 14.21 x | 9.93 x |
| Day 2 - 20-06-24 06:00 PM | 3.60 / 22.45 x | 47.29 x | 29.48 x |
| Day 3 - 21-06-24 06:00 PM | 160.22 / 462.89 x | 240.25 x | 265.13 x |
GEM Enviro Management Limited Valuations
EPS Pre IPO
₹4.76/-EPS Post IPO
₹4.97/-P/E Pre IPO
15.76P/E Post IPO
15.09ROE
30.48%ROCE
36.55%RoNW
30.48%PAT Margin
31.84Price to Book Value
5.09GEM Enviro Management Limited Company Financials All values are in ₹ Lakh
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 3,574.93 | 2,684.52 | 1,895.51 |
| Revenue | 4,280.57 | 3,291.48 | 2,560.58 |
| Profit After Tax | 1,001.82 | 745.23 | 583.38 |
About The Company
GEM Enviro Management Limited is a waste management company incorporated in February 2013, specialising in recycling all packaging waste, including plastic waste. The services of the company can be broadly classified into the following categories:
1. EPR consultancy and fulfillment for Plastic Waste
2. Collection and recycling of Industrial Plastic Waste
3. Sales and marketing of recycled products
4. ESG Consulting and BRSR (Business Responsibility and Sustainability Reporting)
Through the awareness programs, the company educates people on how to dispose of plastic waste properly and recycle. It generates revenue by selling recycled products and markets them to existing business customers, underlining their environmental benefits and cost-effectiveness.
GEM started providing ESG consulting and BRSR services to clients in the fiscal year 2023-24. This includes holistic ESG consulting, which is tailored to the specific needs of each client, including assessing current ESG practices, identifying areas for improvement, and integrating sustainability into core business operations through thorough ESG audits, stakeholder engagement, materiality assessments, and benchmarking.GEM Enviro Management boasts of a very diverse portfolio, having more than 100 clients in the above sectors, including F&B, FMCG, Cement, Fertilizers, Packaging, and Consumer Goods. Notable clients include Bengal Beverages Private Limited and Varun Beverages Limited.
The company has 51 full-time employees as of June 2024.
GEM Enviro Management Limited - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 73.44%
- Mr Sachin Sharma
- Mrs Sangeeta Pareekh
- Mr Dinesh Pareekh
- Mr Sarthak Agarwal
- BLP Equity Research Private Limited
GEM Enviro Management Limited IPO - Issue Objectives
- To Meet Working Capital Requirements
- General corporate purpose.
Other Details
GEM Enviro Management Limited
Unit No.203, Plaza- P 3, Central Square, Bara, Hindu Rao, -New Delhi-110006Skyline Financial Services Private Ltd
GEM Enviro Management Limited IPO - FAQs
Ans. GEM Enviro Management Limited IPO is a SME IPO. The issue is priced at ₹71-75 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Jun 19, 2024, and closes on Jun 21, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The GEM Enviro Management Limited IPO opens on Jun 19, 2024 and closes on Jun 21, 2024.
Ans. The size of GEM Enviro Management Limited IPO is Total ₹44.93 Cr : #Fresh Issue : 1,497,600 shares(aggregating up to ₹11.23 Cr) + #OFS : 4,492,800 shares of ₹5(aggregating up to ₹33.70 Cr).
Ans. The IPO price band is set between ₹71-75 per equity share.
Ans. To apply for GEM Enviro Management Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find GEM Enviro Management Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of GEM Enviro Management Limited IPO is Jun 24, 2024.
Ans. The GEM Enviro Management Limited IPO will be listed on Jun 26, 2024.
Ans. Follow the steps to check the allotment status for GEM Enviro Management Limited IPO here.
